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CT Global Managed Portfolio Trust plc (CMPG) Growth Shares GBP0.060600579

Sell:252.00p Buy:256.00p 0 Change: No change
Market closed |  Prices as at close on 16 August 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

CT Global Managed Portfolio Trust plc Growth Shares GBP0.060600579

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Aug 2024)

What is happening?

 

The CT Global Managed Portfolio Trust is an investment trust with two classes of shares, Growth shares and Income shares. Shareholders have the right to convert their shares into the other class of shares in the Trust annually.

 

Conversion instructions must be for a minimum of 1,000 shares or, if lower, your full holding. The conversion is also subject to a minimum and maximum limit set by the Board of Directors. For the 2024 conversion opportunity, the Board has specified that conversion requests must be received by the Company for shares with a minimum net value of assets in aggregate of £250,000. The maximum limit set by the Board of Directors of the Company is that no more than 10% of each share class will be converted. If conversion requests are received by the Company for less than the minimum value outlined above then the Board of Directors may cancel the conversion. If conversion requests are received for more than 10% of each share class then the requests will be reduced on a pro-rata basis.

 

How do I convert my shares?

 

If you wish to convert your Growth shares then you can give an instruction by logging into your Stocks & Shares ISA online, selecting the dark blue Corporate Actions icon alongside your CT Global Managed Portfolio Trust Plc Growth shares and following the on screen instructions.

 

Any instruction must be received by our deadline of noon on Thursday 26 September 2024. If no instruction is received by this time your holding will remain unchanged.

 

How will the conversion rate be calculated?

 

The conversion rate will be calculated with reference to the Net Asset Value of the Growth shares and the Income shares on the conversion date, expected to be 24 October 2024.

 

When will I receive the new shares?

 

If you elect to convert your shares and the conversion conditions set out above are satisfied then the new shares are expected to be issued shortly after the conversion date. However, the company have not announced a firm date for the shares to be issued.

 

What will happen if the conversion conditions are not met?

 

If the conditions of the conversion are not satisfied then your shares will be returned to you and your holding will remain unchanged. Should you have any queries relating to this matter please contact us. We hope you are satisfied with our service. If you would like to set up new products, or transfer other assets you hold to Hargreaves Lansdown please go to www.hl.co.uk.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:252.00p
Buy:256.00p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 16 August 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

CT Global Managed Portfolio Trust plc Growth Shares GBP0.060600579

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Aug 2024)

What is happening?

 

The CT Global Managed Portfolio Trust is an investment trust with two classes of shares, Growth shares and Income shares. Shareholders have the right to convert their shares into the other class of shares in the Trust annually.

 

Conversion instructions must be for a minimum of 1,000 shares or, if lower, your full holding. The conversion is also subject to a minimum and maximum limit set by the Board of Directors. For the 2024 conversion opportunity, the Board has specified that conversion requests must be received by the Company for shares with a minimum net value of assets in aggregate of £250,000. The maximum limit set by the Board of Directors of the Company is that no more than 10% of each share class will be converted. If conversion requests are received by the Company for less than the minimum value outlined above then the Board of Directors may cancel the conversion. If conversion requests are received for more than 10% of each share class then the requests will be reduced on a pro-rata basis.

 

How do I convert my shares?

 

If you wish to convert your Growth shares then you can give an instruction by logging into your Stocks & Shares ISA online, selecting the dark blue Corporate Actions icon alongside your CT Global Managed Portfolio Trust Plc Growth shares and following the on screen instructions.

 

Any instruction must be received by our deadline of noon on Thursday 26 September 2024. If no instruction is received by this time your holding will remain unchanged.

 

How will the conversion rate be calculated?

 

The conversion rate will be calculated with reference to the Net Asset Value of the Growth shares and the Income shares on the conversion date, expected to be 24 October 2024.

 

When will I receive the new shares?

 

If you elect to convert your shares and the conversion conditions set out above are satisfied then the new shares are expected to be issued shortly after the conversion date. However, the company have not announced a firm date for the shares to be issued.

 

What will happen if the conversion conditions are not met?

 

If the conditions of the conversion are not satisfied then your shares will be returned to you and your holding will remain unchanged. Should you have any queries relating to this matter please contact us. We hope you are satisfied with our service. If you would like to set up new products, or transfer other assets you hold to Hargreaves Lansdown please go to www.hl.co.uk.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:252.00p
Buy:256.00p
Change: No change
Market closed |  Prices as at close on 16 August 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

CT Global Managed Portfolio Trust plc Growth Shares GBP0.060600579

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 15 Aug 2024)

What is happening?

 

The CT Global Managed Portfolio Trust is an investment trust with two classes of shares, Growth shares and Income shares. Shareholders have the right to convert their shares into the other class of shares in the Trust annually.

 

Conversion instructions must be for a minimum of 1,000 shares or, if lower, your full holding. The conversion is also subject to a minimum and maximum limit set by the Board of Directors. For the 2024 conversion opportunity, the Board has specified that conversion requests must be received by the Company for shares with a minimum net value of assets in aggregate of £250,000. The maximum limit set by the Board of Directors of the Company is that no more than 10% of each share class will be converted. If conversion requests are received by the Company for less than the minimum value outlined above then the Board of Directors may cancel the conversion. If conversion requests are received for more than 10% of each share class then the requests will be reduced on a pro-rata basis.

 

How do I convert my shares?

 

If you wish to convert your Growth shares then you can give an instruction by logging into your Stocks & Shares ISA online, selecting the dark blue Corporate Actions icon alongside your CT Global Managed Portfolio Trust Plc Growth shares and following the on screen instructions.

 

Any instruction must be received by our deadline of noon on Thursday 26 September 2024. If no instruction is received by this time your holding will remain unchanged.

 

How will the conversion rate be calculated?

 

The conversion rate will be calculated with reference to the Net Asset Value of the Growth shares and the Income shares on the conversion date, expected to be 24 October 2024.

 

When will I receive the new shares?

 

If you elect to convert your shares and the conversion conditions set out above are satisfied then the new shares are expected to be issued shortly after the conversion date. However, the company have not announced a firm date for the shares to be issued.

 

What will happen if the conversion conditions are not met?

 

If the conditions of the conversion are not satisfied then your shares will be returned to you and your holding will remain unchanged. Should you have any queries relating to this matter please contact us. We hope you are satisfied with our service. If you would like to set up new products, or transfer other assets you hold to Hargreaves Lansdown please go to www.hl.co.uk.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
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